10Y UST4.75%+0.42%30Y MTG6.66%+0.15%SOFR3.66%-0.54%VNQ$95.66-0.66%XLRE$43.70-0.77%FED FUNDS3.63%
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The Registry · Boston · Multifamily

Rockpoint and Holland Partner Group Launch 311-Unit Stevens Creek Apartment Community in West San Jose

Via The Registry · September 2, 2026
Compiled by Real Estate Trail Editorial · September 2, 2026

Why this matters

Multifamily has been the most actively underwritten sector through the rate cycle, with cap rate compression resuming in Sun Belt and gateway markets as 2024-2025 deliveries roll off and refinance demand on 2021-vintage bridge loans clears. Transaction velocity is up modestly, concentrated in stabilized Class A and grocery-adjacent garden assets. Boston life sciences absorption has moderated from its 2021-2022 pace, and the market is working through a meaningful Cambridge sublease overhang. Multifamily and trophy office remain durable. Allocators continue to favor residential for its income durability and its insulation from secular demand questions that still hang over commercial sectors.

Editorial analysis · Real Estate Trail Editorial

On the RET wire

Computed from Real Estate Trail’s own tracked coverage

Excerpt from The Registry:
A Boston-based private equity firm and one of the West's most active apartment developers have teamed up to add hundreds of rental units along one of San Jose's busiest commercial corridors, a bet on a Silicon Valley…
Read the full article at The Registry

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